Continuing on our relentless theme of applying old school chart techniques to crypto, we are seeing a classic chart formation develop in Bitcoin (BTC). Looking at XBTUSD on BitMEX, we are seeing a “tea cup and handle” continuation formation on an intraday chart (Figure 1). Figure 1 The theory behind the pattern is simple. A… Read more

Around 5 a.m. yesterday morning, Bitcoin (BTC) dropped to as low as $7,500 and was close to shattering its critical support level. However, Bitcoin (BTC) then rose throughout the day yesterday, and this steady rise has continued into today. Around noon Eastern time, Bitcoin (BTC) reached $8,170 before pulling back to $8,020 by 3 p.m.… Read more

Crypto was born in the aftermath of the last financial crisis and was designed to mitigate the damage of the next one. The technological innovation called blockchain — and cryptocurrency as a specific application of blockchain — is a financial innovation, a unique product of our digital age, and a triumph of capitalism. As such,… Read more

Listen to the May 24 Crypto.IQ Daily Radio Show On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Bitcoin (BTC) has surged from $7,500 to $8,100 since yesterday morning, and the rest of the crypto market is well into the green. The renewed bullishness in the crypto market… Read more

Bitcoin steadily declined overnight and into the early morning hours, reaching as low as $7,500 at 5 a.m. Eastern time. For a moment, it looked like Bitcoin’s (BTC) support level was about to give way, which would have caused a crash. Instead, support held, and Bitcoin (BTC) bounced back to $7,800 by noon. Since then,… Read more

Quantum computers have the potential to be the next big leap forward for humankind. However, there has long been speculation that quantum computers could become so powerful that they could break through Bitcoin’s cryptography — and the cryptography of all other cryptocurrencies and blockchains for that matter. If this happens, hackers with quantum computers could… Read more

Blog posts are coming out today validating our idea from yesterday that legacy financial markets and banks may be headed for a “black swan” event. A black swan is market slang for a big negative event that comes out of nowhere. Three pieces caught our eye this morning. One article briefly mentions that Chinese President… Read more

Listen to the May 23 Crypto.IQ Daily Radio Show On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Bitcoin (BTC) is near the bottom of its trading range this morning, resulting in the crypto market being in the red. Support at $7,600 appears to be holding for now,… Read more

Bitcoin (BTC) steadily declined from $8,100 yesterday evening to $7,800 this morning around 7 a.m. Eastern time before bouncing back to over $8,000 around 11 a.m. Bitcoin (BTC) then dropped to as low as $7,700 by 4 p.m. but has rebounded to just over $7,800 currently. Zooming out, Bitcoin (BTC) has been sideways and volatile… Read more

Long Bitcoin (BTC), short the banks has been a long-held Crypto rally cry, especially on Twitter. Looking at a chart of XLF (S&P financial stocks ETF), it does look like financial stocks could drop sharply. The pattern in XLF is very similar to the one that unfolded in September of last year. Back then, there… Read more